Brighter draws down the ninth and final tranche under the financing agreement with L1 Capital and issues additional free warrants to its shareholders.
Brighter has called upon a ninth Tranche of SEK 5 Million in line with the terms from the financing agreement communicated on the 26thof April 2017. The transaction is carried out through a private placement of convertible notes with warrants attached. It is the final tranche out of a commitment totaling SEK 100 million. It is precised that SEK 88.4 million of Notes of the previous Tranches out of the SEK 95 million have been converted into equity as of today, strengthening the company’s balance sheet. This investment as part of the agreement as such, serves as a great foundation